Project manager mortgages

As a specialist contractor mortgage broker, we’re here to help project managers secure the most suitable and flexible mortgages tailored to their individual needs and unique circumstances.

Mortgages for project managers

If you’re a contractor working as a project manager, you may find it difficult to secure the ideal mortgage, be it as a first-time buyer or someone wishing to remortgage their existing property. This is because many high street lenders often don’t understand the unique income structure and tax circumstances of contractor project management roles or consider your actual income and financial capability. 

This is where a specialist project manager mortgage broker like Cleerly can assist. We collaborate with lenders who provide bespoke underwriting for both self-employed and employed project managers, taking into account factors such as earnings from contracts, fluctuating monthly income and the nature of your project management services.

For over 15 years, we have built up an extensive understanding of the challenges faced by contractors working in the project management profession. With this knowledge, we are able to help project managers secure their dream property, find a better rate or simply borrow some additional funds to pay for home improvements or consolidate debts.  

Getting in touch with our project manager mortgage specialists is easy. Receive quotes straight to your inbox using our quick quote form or simply give the team a call on 02394 212912. You can also compare potential mortgage deals using our online mortgage calculator 

Introduction


What is a project manager mortgage?

A project manager mortgage is a type of property finance designed for project managers who work on a contract basis. Unlike a regular mortgage, which usually requires a steady income and accompanying pay slips, a project manager mortgage considers the nature of your work and your potential earnings.

Eligibility


How to get a project manager mortgage

To secure a project manager mortgage, you will need to meet specific criteria and provide evidence to prove your income and affordability. This is where a specialist project manager mortgage broker can help. At Cleerly, we've formed partnerships with a diverse set of lenders who evaluate each contractor's individual circumstances by focusing on their daily rates, rather than basing their assessment solely on limited company tax returns or umbrella pay slips.  

The exact requirements may vary depending on the lender, but to be considered for a mortgage you will need to provide the following documentation: 

  • Your current signed contract  
  • Your CV 
  • Personal bank statements  
  • Business bank statement (if Ltd)  
  • Umbrella payslips 

You may also be required to produce additional evidence, including:  

  • Limited company accounts  
  • Evidence of future contracts or pipeline of work 
  • Details of any gaps between contracts  

Your dedicated Cleerly client services manager will help you collate the required documents and forward them to the lender that best fits your individual circumstances. They will also liaise with the lender throughout the process, ensuring you stay informed about your application's progress at every stage. 

First-time buyers


First-time buyer mortgages for project managers

The mortgage process can feel overwhelming for a first-time buyer, particularly those working in contractor professions. We strive to simplify this complex journey from start to finish, guiding you meticulously through each stage of the application process. 

Our specialist consultants will explore different options with you, such as Shared Ownership or tapping into Lifetime ISA savings for down payments. We’ll also provide guidance on how to secure your mortgage with a deposit as low as 5% and potentially borrow up to five times your income.

Why choose us as your project manager mortgage brokers

At Cleerly, we are committed to sourcing the most suitable mortgage deal tailored to your unique circumstances.

With over a decade’s experience in the business, we know how to present your case effectively to lenders with the highest likelihood of approval. Your dedicated Client Service Manager is there to manage the administrative process and liaise with lenders on your behalf, supporting you through every stage of the application process.

As your specialist project manager mortgage broker, we’ll help you to:

Borrow based on your daily/hourly rate.

Identify optimal lending solutions for contractors paid through an umbrella company within the IR35 scope, as well as for those working via a limited company.

Access competitive, market leading rates from mainstream and specialist lenders.

Guide you in selecting the ideal mortgage package that aligns with your requirements, whether that's a first-time purchase, a buy-to-let investment, residential mortgage or remortgage.

Trusted lenders we work with

Ready to get started?

Securing a mortgage as a contract project manager can sometimes be challenging, but our aim is to simplify the process and provide bespoke, jargon-free advice tailored to you and your circumstances.

Contacting our project manager mortgage specialists is simple – use our online mortgage calculator to compare mortgages, complete our simple quote form and receive quotes straight to your inbox, or give the team a call on 02394 212912.

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